We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity …. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are …

We use US county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity …. E.g., the California estimate is 19.9% and the New York estimate is 3.3%. Convergence rates are essentially uncorrelated …

We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using … and metro, nonmetro, and and regional samples: (1) OLS yields convergence rates around 2%; 3SLS yields 6%–8%; (2 …) convergence rates vary (for example, the Southern rate is 2.5 times the Northeastern rate); (3) federal, state, and local …

income convergence. County-level data are particularly valuable for studying convergence because they allow us to study a … in the conditional convergence rates, we report the estimates for the entire data set as well as for subsets including … metro counties, non-metro counties, and five regional groupings. Our findings include: (i) while OLS yields convergence …

convergence rate across the U.S. is about 7 percent per year – higher than the 2 percent normally found with OLS in cross …-country, U.S. state, and European region samples. Estimated convergence rates for 32 individual states are above 2 percent with … an average of 8.1 percent. For 29 states the convergence rate is above 2 percent with 95 percent confidence. For seven …

We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS … and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates … around 2 percent; 3SLS yields 6–8 percent; (2) convergence rates vary (e.g., the Southern rate is 2.5 times the Northeastern …